Britain’s new relationship with the European Union is still a long way from being settled, but Brexit has started a process that is bound to hurt the City of London. Earlier this month, the European Commission launched a review of the rules governing one of the City’s lucrative lines of business — the clearing of derivatives denominated in euros. The ...

North Korea test-fired yet another ballistic missile on Sunday in a stark defiance of United Nations sanctions and US warning that a policy of patience was over. It was a new ground-to-ground medium long-range strategic ballistic rocket Hwasong-12. It came days after South Korea’s newly elected president Moon Jae-in vowed to engage with North Korean leader Kim Jong-un. The missile ...

At a victory rally for France’s young new President Emmanuel Macron outside the Louvre last week, I was struck by the generational gap between the candidate and his most animated supporters. Most younger people in the crowd looked relieved but far from overjoyed; the most visibly enthusiastic among them were of West African or Arab descent. And when Macron took ...

It was fun while it lasted. For a few quarters, it seemed as though the bond-trading business was back in force, with trading volumes accelerating to records on the heels of a flood of new debt sales and more uncertainty about the US economy. Most of the big US banks enjoyed better-than-expected earnings in the first three months of the ...

The trans-Atlantic flight could soon become a gadget-free zone if U.S. officials press forward with a security ban on laptop computers and other larger electronic devices on airline flights from Europe. Carriers are bracing for operational chaos at European airports after the Department of Homeland Security said last week it might expand to Europe a ban imposed in March on ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood ‘Mother of the UAE’ was chosen as the Person of the Year 2017 by the Khalifa International Award For Date Palm And Agricultural Innovation. This was announced during ...

Abu Dhabi / WAM The UAE was nominated as a member of the council of the International Maritime Organisation (IMO), which will be elected during the organisation’s 30th general assembly held from November 24 to December 5, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of Federal Transport Authority – Land and Maritime, announced on ...

Dubai / WAM Emirates SkyCargo’s customers can have temperature sensitive products shipped using SkyCell’s temperature controlled containers, which are designed to maintain products at +2 C to +8 C and +15 C to +25 C safely, even under extreme outside temperatures, such as –35 C to +65 C, for several days. Pharma customers can also choose to have their temperature ...

Dubai / WAM In line with the UAE declaring 2017 as #Year of Giving, Dubai SME, a Dubai Economy agency, and International House for Real Estate Project Management (IHRPM), a property developer and real estate management company, is launching the ‘Unleash Your Inner Entrepreneur’ competition for promising entrepreneurs. The competition will give aspiring small businesses and entrepreneurs across the GCC, ...

Dubai / Emirates Business Dubai continues to be the key driver in the region’s trade in fragrances and cosmetics, even as the Middle East grows in prominence as an important global destination for beauty and wellness products. This was borne out by the latest trade figures released by Dubai Customs, at the ongoing Beautyworld Middle East 2017 – the leading ...